Budget Balance Forecast

Global Ranking

percent of GDPSource: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Grenada	2.48	2027	1	2.5
2	Barbados	1.98	2027	2	1.8
3	Belarus	1.82	2027	3	1.73
4	Dominican Republic	1.7	2027	4	1.57
5 ↑	Hungary	1.15	2027	28	-0.99
6	Singapore	1.06	2027	6	0.91
7 ↑	Cyprus	0.93	2027	8	0.73
8 ↓	Hong Kong	0.85	2027	7	0.9
9 ↓	Suriname	0.84	2027	5	1.3
10 ↓	Georgia	0.7	2027	9	0.61
11 ↑	New Zealand	0.55	2027	13	0.32
12 ↓	Germany	0.39	2027	11	0.4
13 ↓	Sweden	0.31	2027	12	0.35
14	Bulgaria	0.27	2027	14	0.24
15 ↑	Denmark	0.01	2027	17	0.02
16 ↓	Bosnia and Herzegovina	-0.03	2027	15	0.19
17 ↑	Switzerland	-0.04	2027	19	-0.04
17 ↑	Ireland	-0.04	2027	18	0
19 ↓	Thailand	-0.05	2027	10	0.41
20 ↓	Luxembourg	-0.08	2027	16	0.03
21 ↑	Mauritius	-0.13	2027	22	-0.43
22 ↓	Canada	-0.3	2027	20	-0.39
23	Latvia	-0.39	2027	23	-0.44
24 ↓	Chile	-0.4	2027	21	-0.4
25 ↑	Austria	-0.62	2027	26	-0.81
26 ↑	Iceland	-0.72	2027	33	-1.21
27 ↑	Australia	-0.77	2027	34	-1.23
28 ↑	Netherlands	-0.78	2027	37	-1.35
29 ↑	Czech Republic	-0.8	2027	36	-1.31
30 ↓	Portugal	-0.91	2027	25	-0.78
31 ↓	Angola	-1.05	2027	26	-0.81
32 ↑	United Kingdom	-1.08	2027	35	-1.3
33 ↓	Kazakhstan	-1.09	2027	24	-0.68
34 ↓	Finland	-1.15	2027	32	-1.15
35 ↓	South Korea	-1.17	2027	30	-1.09
35 ↓	Colombia	-1.17	2027	29	-1.05
37 ↑	Ecuador	-1.27	2021	70	-4.44
38 ↑	Greece	-1.3	2027	43	-1.52
39 ↑	Peru	-1.37	2027	40	-1.43
40 ↓	Serbia	-1.38	2027	37	-1.35
41 ↑	Argentina	-1.39	2027	46	-1.91
42	Croatia	-1.4	2027	42	-1.51
43 ↓	Taiwan	-1.42	2027	37	-1.35
44 ↓	Panama	-1.49	2027	41	-1.46
45 ↑	Estonia	-1.51	2027	47	-1.95
46 ↓	Uruguay	-1.6	2027	44	-1.72
47 ↑	Philippines	-1.65	2027	51	-2.26
48 ↑	Russia	-1.87	2027	59	-2.81
49 ↑	Costa Rica	-1.88	2027	50	-2.17
50 ↓	Lithuania	-1.91	2027	45	-1.86
51 ↓	Guatemala	-1.97	2027	48	-1.99
52	Malta	-2.11	2027	52	-2.29
53	Indonesia	-2.22	2027	53	-2.33
54 ↑	Paraguay	-2.44	2027	55	-2.51
55 ↓	Slovakia	-2.5	2027	54	-2.42
56 ↓	Kyrgyzstan	-2.51	2021	31	-1.11
57 ↓	Guyana	-2.61	2027	49	-2.01
58	Slovenia	-2.63	2027	58	-2.74
59 ↑	Italy	-2.69	2027	63	-3.14
60 ↓	Japan	-2.75	2027	56	-2.63
61 ↓	Mexico	-2.81	2027	57	-2.67
62 ↓	Malaysia	-2.95	2027	61	-3.03
63 ↓	Israel	-3	2027	60	-3
64 ↓	Turkey	-3.06	2027	62	-3.08
65 ↓	France	-3.31	2027	64	-3.23
66 ↓	Poland	-3.38	2027	65	-3.34
67 ↓	Morocco	-3.53	2027	66	-3.87
68 ↑	Ukraine	-3.59	2021	72	-5.15
69 ↓	Jordan	-3.86	2027	68	-4.13
70 ↓	Spain	-3.94	2027	67	-3.94
71 ↓	Brazil	-4.49	2027	69	-4.41
72	United States	-5.12	2027	72	-5.15
73 ↓	Belgium	-5.42	2027	71	-5.01
74 ↑	Egypt	-5.56	2027	75	-6.02
75 ↑	Romania	-5.76	2027	76	-6.18
76 ↓	Tunisia	-6.6	2022	74	-5.75
77	China	-6.81	2027	77	-6.74
78 ↑	India	-7.52	2027	79	-7.71
79 ↓	South Africa	-7.56	2027	78	-6.96
80 ↑	Lebanon	-7.67	2020	82	-16.71
81 ↓	El Salvador	-7.84	2027	80	-7.99
82 ↓	Norway	-9.1	2027	81	-9.1

Definition of Budget Balance Forecast

The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle. The series includes actual historical values for past years and forecast values for the current and the next few years.